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March 28, 2024 2:45 PM UTC
We expect an advance February goods trade deficit of $91.5bn, up from $90.5bn in January and the third straight increase in the deficit, albeit another modest one. The deficit would then be the widest since April 2023.
March 28, 2024 2:30 PM UTC
We expect February to deliver a 0.3% increase in the core PCE price index, above most recent months but slower than January’s 0.4% and a 0.4% rise in February’s core CPI, which was up only 0.358% before rounding. We expect a subdued 0.2% gain in personal income to underperform a 0.7% increase in
March 28, 2024 2:20 PM UTC
The Brazilian Central Bank's Quarterly Inflation Report reflects uncertainty over disinflation and emphasizes caution in monetary policy. Despite slower expected disinflation and inflationary surprises in certain sectors, the BCB projects optimism with inflation nearing target. Labor market data sho
March 28, 2024 2:14 PM UTC
February’s 1.6% rise in pending home sales is in line with expectations but a modest one after January’s 4.7% decline and makes a strong February increase in existing home sales look difficult to sustain. February saw a strong rise in existing home sales in 2023 too, which was not extended.
March 28, 2024 1:31 PM UTC
Not only did January Canadian GDP with a 0.6% rise exceed the preliminary 0.4% estimate, in data assisted by the end of a strike, the advance estimate for February is strong too with a rise of 0.4%. If that proves correct even an unchanged March would leave Q1 up by 3.5% annualized, well above the B
March 28, 2024 12:58 PM UTC
An already strong Q4 GDP outcome has been revised unexpectedly higher, to 3.4% from 3.2% though core PCE prices have been revised down to a target-consistent 2.0% from 2.1%. Initial claims remain low, falling to 210k from 212k, but there was a modest rise in continued claims to an 8-week high of 1.8